Yes, thats true. I am told by a student at LKY that due to funding pressure they have slashed accomodation this year. However, such a drastic decision will force so many scholars to shed their dream of studying at LKY, because not everyone can afford. The rates are per person for a single room in a shared house at CG.
Without accomodation from LKY, one has to spend over S$ 800 from own pocket, which may simply not be possible for so many scholars.
So, I just pray and hope for better sense to prevail and LKY provide with proper accomodation.